Crypto analyst Steph Is Crypto recently shared a technical outlook for $XRP , highlighting a *bull flag pattern* on the XRP/USD 3-day chart. This pattern suggests potential upside targets if XRP breaks out of the descending channel.
📊 *Key Technical Levels:*
- 1.618 Fibonacci extension: ~$3.59
- 2.0 Fibonacci extension: ~$3.98
- 2.618 Fibonacci extension: ~$4.63
- 3.618 Fibonacci extension: ~$5.67
- 4.618 Fibonacci extension: ~$6.70
🚀 *Pattern Interpretation:*
The bull flag pattern typically indicates a continuation of the prior uptrend. Breakouts from this setup could lead $XRP to hit the highlighted Fibonacci extension levels.
💡 *Market Considerations:*
- Broader crypto market sentiment
- Institutional participation
- On-chain activity
- Regulatory developments
- Derivatives market conditions
⚠️ *Risks:*
Technical setups aren't guaranteed. Market conditions and external factors can impact outcomes.
👍 *Appreciate the analysis by Steph Is Crypto.*
#XRP #crypto #BullFlag #BinanceSquare #HEMIBinanceTGE
